S&P 500 Closes Above 2000; Mobileye is the Hottest IPO of the Summer

The S&P 500 set history today, finishing the day above 2,000 for the first time ever. The Dow Jones and Nasdaq also finished the day in the green. Mobileye (MBLY) seems to be one of the hottest IPOs of the summer, with its shares trading nearly 60% above its IPO price. Mobileye designs technology that may be instrumental in the development of self-driving cars. American Airlines (AAL) announced today that travelers who are looking to book flights on their airline through Orbitz (OWW) will be unable to do so, effective immediately.
American Airlines and Orbitz were unable to reach a deal as the relationship has become too costly. US Airways is expected to follow suit on September 1.

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Published on Aug 26, 2014
By InvestorGuide Staff

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